Integrated Waste Solutions Group Holdings Ltd. Expects 650% Increase in Net Loss for FY2025 Due to Impairment Provisions

Reuters

06/18

Integrated Waste Solutions Group Holdings Ltd. Expects 650% Increase in Net Loss for FY2025 Due to Impairment Provisions

Integrated Waste Solutions Group Holdings Ltd. has issued a supplemental announcement regarding its financial outlook, indicating a significant increase in expected losses for the fiscal year ending 31 March 2025. Based on preliminary assessments from the company's management, the loss attributable to shareholders is anticipated to rise by approximately 650% compared to the previous year's loss of about HK$64.7 million. This substantial increase is primarily attributed to impairment losses on the carrying value of interests in an associate involved in hazardous waste treatment projects in Mainland China, as well as impairment losses on property, plant, and equipment associated with the company's headquarters in Tseung Kwan O. Shareholders and potential investors are urged to exercise caution when dealing in the company's shares, with the final results announcement anticipated by the end of June 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Integrated Waste Solutions Group Holdings Ltd. published the original content used to generate this news brief on June 18, 2025, and is solely responsible for the information contained therein.

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Expects 650% Increase in Net Loss for FY2025 Due to Impairment Provisions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-18 18:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Integrated Waste Solutions Group Holdings Ltd. Expects 650% Increase in Net Loss for FY2025 Due to Impairment Provisions\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Integrated Waste Solutions Group Holdings Ltd. has issued a supplemental announcement regarding its financial outlook, indicating a significant increase in expected losses for the fiscal year ending 31 March 2025. Based on preliminary assessments from the company's management, the loss attributable to shareholders is anticipated to rise by approximately 650% compared to the previous year's loss of about HK$64.7 million. This substantial increase is primarily attributed to impairment losses on the carrying value of interests in an associate involved in hazardous waste treatment projects in Mainland China, as well as impairment losses on property, plant, and equipment associated with the company's headquarters in Tseung Kwan O. 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Integrated Waste Solutions Group Holdings Ltd. published the original content used to generate this news brief on June 18, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00923","symbol_name":"综合环保集团","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250618:nNDL9qfrss:1","article_id":"2544973692","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544973692","pubTimestamp":1750240832,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Integrated Waste Solutions Group Holdings Ltd. has issued a supplemental announcement regarding its financial outlook, indicating a significant increase in expected losses for the fiscal year ending 31 March 2025. 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